Industry Analysis & Industry Trends
The Sugar Manufacturing industry has faced volatile commodity prices and fluctuating weather patterns over the past five years. Despite these trends, industry revenue is forecast to grow at an annualised 2.8% over the five years through 2016-17, to reach $3.0 billion. Domestic sugar prices have remained high for the majority of the past five years, although they have trended downwards over most of the period. Additionally, domestic sugar production has increased over the past five years. These two factors have boosted industry revenue over the period. Industry revenue is forecast to grow 19.9% during 2016-17, due to soaring world sugar prices in Australian dollar terms.
The industry derives a large share of its revenue from exports... purchase to read more
Industry Report - Industry Analysis Chapter
The Sugar Manufacturing industry has performed modestly over the past five years. Although world sugar prices have decreased over this period, they have remained historically high in Australian dollar terms for the majority of the period. High prices and increased sugar production, due to rising sugar cane yields, have boosted industry revenue. However, the industry’s traditional single desk export model has been threatened by the announcement that three major sugar manufacturers will begin exporting their own sugar in 2016-17. This controversial announcement has created tension between industry operators and those in the Sugar Cane Growing industry. Over the five years through 2016-17, industry revenue is projected to grow at an annualised 2.8%, to reach $3.0 billion... purchase to read more